Penny Slot Machines

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“What’s in a reputation? That which we call a rose by another name would smell as sweet.”

Those immortal lines were spoken by Juliet in Shakespeare’s classic play Romeo and Juliet. While there is truth in those lines after we are talking about flowers, it's not necessarily the reality when applied to fit machines. The name “Penny Slot” could be best described by the expression, “A Wolf in Sheep’s Clothing.” Names will also be deceiving and finding the suitable name for a product can also be the variation between its success and failure. A part of that is seeing that we tend associate mental images or feelings to words that we hear.

Penny Slots – The latest Innovation I'M often asked in regards to the latest innovations hitting the casino floors and lately I'VE BEEN telling people who the most up to date trend within the gaming industry was the introduction of the “Penny Slot Machines.” The reaction to this statement is often the similar; Laughter.

The explanation for this reaction is that the penny is the bottom denomination of currency in our country. People can’t even name a product avaiable for purchase for a penny anymore. As a society we now have gotten used to hearing about big sums of cash. We've become somewhat desensitized to hearing about large sums of cash. At the present time when million dollar slot machine jackpots are commonplace and winners of Poker tournaments become instant millionaires, it’s hard to think about the penny as having much value. However the slot makers and casinos have discovered how valuable pennies can really be. Actually they've found that pennies really equal profits.

When we hear about penny slot machines the very first thing that involves mind is just like sitting down and inserting a couple of copper” Abe Lincolns” into the machine and spinning the wheel in hopes of winning a dollar or two. Nothing may well be farther from the reality.

Not likely a Penny Game The new slot machines are multi-line machines that may accept many coins per line. During the last few years the Slot Machine makers has been adding more lines to their games. They have got also increased the choice of coins that may be played on each line. This innovation was due primarily to the introduction of the “coinless machines” with bill acceptor and ticket out payoffs. This did away with the necessity to have a hopper full of actual coins.A few years ago we saw a resurgence of the nickel slots because the collection of coins that may be played at the machines increased. The brand new games could take such a lot of coins per spin that it became cost prohibitive for plenty of players to play maximum coins on the quarter level so the denomination of coins dropped all the way down to a nickel. Because the approval for the nickel games increased the slot makers desired to make games that will take much more coins per spin. A few of these games again became too expensive for the common player to play maximum coins even on the nickel level. The following logical step was to drop the denomination down again to the penny.

The reason I call the penny slot machines a “Wolf in Sheep’s Clothing is the truth that the price of playing maximum coins per spin at the new penny slot games can far exceed playing maximum coins in an old 3 coin dollar machine. I saw one slot machine on the gaming show that had a maximum bet of 1,600 coins. That’s $16 a spin. While this isn't the typical game lots of them have 20 lines that may take in to 50 cons per line which might be $10 a spin.

Penny Megabucks SOME TIME back IGT announced that it was introducing a penny version of its popular Megabucks game. Now the player could win millions with only a few pennies. That can sound good until you investigate further. To win the progressive jackpot at the standard dollar Megabucks machine it's a must to be playing the utmost three coins per spin which equals $3. To win the progressive jackpot at the penny Megabucks game it's a must to be playing the utmost 300 coins per spin which equals $3. Now who’s kidding who?

Play With Caution If you need to play the penny slot machines you need to approach them with caution. Don’t just automatically hit the utmost spin button otherwise you could be in for a nasty surprise. Read the assistance screen and learn how many coins it takes to have a raffle on all of the lines. Then decide what number of coins/credits you need to risk per spin. You may also decide to start with 2 or3 on each line.

These new machines have a better hit frequency even supposing you could win back not up to your initial wager on a spin. When you get ahead you'll be able to increase the selection of coins you play per line. In case you are losing you'll return to a single coin per line.

These new penny slot machines will also be fun to play. Just remember even a penny has value. The casinos know this and also you should too or even though they're called penny slots you will win or lose big dollars.

Until next time, remember: "Luck comes and goes...Knowledge Stays Forever."

Read More... [Source: About.com Casino Gambling: What's Hot Now]